Finovate Alumni News– December 22, 2011

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  • Best Buy Canada & Future Shop are the 1st major retailers in Canada to offer eGift Cards via CashStar.
  • The Street interviews Zecco CEO, Michael Raneri.
  • Fox News interviews Dwolla CEO Ben Milne about the startup’s business model.
  • PayPal partners with Fandango to allow users to purchase movie tickets using PayPal.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News– November 23, 2011

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  • Mitek updates its Remote Deposit Capture product to improve UX and performance.
  • CNBC reports CashStar fuels eCommerce this season with personalized eGift cards.
  • StockTwits adds real time streams to The Street’s ticker pages.
  • Prosper launches ‘$5,000 Shop on Us’ sweepstakes.
  • QVC selects CashStar to power its new eGift Card program.
  • The Next Web refers to HelloWallet as a “brilliant” personal finance tool.
  • MyCyberTwin wins 2011 New South Wales Australian Technology Showcase Rising Star Award. 
  • LearnVest updates My Money Center.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News– November 16, 2011

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgApparel Retailer Aeropostale selects CashStar to provide e-gift cards.
  • CU Insight reports that Geezeo partners with IBT, a financial services innovator.
  • Dynamics’ Chip And Choice Technology wins 2011 CARTES Best in Show Award.
  • NY Daily News recommends LearnVest and DoughMain as resources for financial education.
  • Lendio inspires future entrepreneurs with $2,500 scholarship.
  • Arroweye approved to digitally produce Discover Cards.
  • ABA Banking Journal describes mobile banking, citing Celent’s report, “Innovations in Mobile at Finovate.”
  • Affinion Group to distribute Finsphere’s Mobile Transaction Monitoring service.
  • Betterment CEO Jon Stein interviews with top investment bloggers.
  • Centuryware discusses SecondMarket’s success.
  • Wonga CEO named Entrepreneur of the Year by European Tech Tour Association.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni Website Traffic in September

Each month we survey the Web-traffic performance of Finovate alums using data from Web-analytics company Compete.
Out of 268 alumni, 80 had more than 10,000 unique U.S. visitors in September 2011 and are included in the tables below. Of those, 33 (41%) had more visitors in September than August. Year-over-year, 42 (52%) had traffic increases.
Private Companies
  • Seeking Alpha and Cortera had the highest traffic in September with 2.1 and 2.0 million unique visitors, respectively. Cortera also had the highest increase in number of unique year-over-year visits with over 1.5 more visits in 2011 than in 2010.
  • Kabbage had the highest percentage growth year-over-year, up 280x.
  • Weemba saw the highest monthly growth percentage with more than 7.5 times the number of unique visitors in September compared to August.
  • SmartCredit.com had the highest increase in number of unique year-over-year visitors, growing by 126,000.
PrivateWebTrafficSeptember2.jpg
Source: Compete.com retrieved the week of October 26, 2011
 
1) The previous month recorded was August 2011
2) Sears Credit Score is powered by CreditKarma.com
3) Truaxis was formerly BillShrink
4) Kasasa is powered by BancVue
Public companies
 
  • CheckFree had the highest percentage growth year-over-year, with over 7 times the number of visitors this year than last year.
  • Intuit had a notable increase in number of unique, year-over-year visitors, increasing by 300,000 visits.
  • Check Point had the highest month-over-month percent growth, with 41% more visitors in September than in August.
PublicWebTrafficSeptember2.jpgSource: Compete.com retrieved the week of October 26, 2011

1) The previous month recorded was July 2011.
_______________________________________________________
Notes:
1. We reviewed 268 Finovate alumni. Only those with at least 10,000 unique visitors in July are listed.
3. NM = not measurable
4. t= tie
5. Compete estimates online visitors based on the activity of a panel of more than 2 million U.S. Internet users. It is only an estimate of traffic and may undercount at-work usage.

Finovate Alumni News– November 2, 2011

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  • Prepaid Awards honors CashStar and Dell for Best Prepaid Gift Program.
  • Backbase names Visionary in latest Gartner Magic Quadrant.
  • American Banker discusses T8 Webware’s perfect solution for National Grand Bank of Marblehead.
  • Tab Times looks at the progress & success of Kashoo’s iPad app.
  • The Wall Street Journal reports Visa Europe takes 8.8% stake in Monitise.
  • Check Point buys compliance solutions co Dynasec.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

CashStar Raises $12 Million in Series C Financing

CashStar.jpgYesterday, e-gifting platform CashStar announced that it raised $12 million in Series C financing:

“The funding will be used to help drive continued adoption of digital gifting and grow CashStar’s retail brand network. Mandarin Oriental Hotel Group is another brand that has just partnered with CashStar to offer consumers a more personalized way to gift and incent.”
Investors included FTV Capital, Steven Boal (President & CEO of Coupons.com), and Passport Capital. 
To learn more about CashStar, watch its demo from FinovateFall 2011.

Finovate Alumni News– October 25, 2011

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgGeezeo signs three more referral engine clients.
  • ComputerWorld looks at how SilverTail Systems mitigates fraud.
  • Bank Innovation highlights CashStar’s partnering with banks for its gift-reward program.
  • Zecco is listed as 1 of 7 smart ways to invest $100.
  • Weemba reports a growing number of personal loan requests.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni Website Traffic in August

Each month we survey the Web-traffic performance of Finovate alums using data from Web-analytics company Compete
Out of 268 alumni, 75 had more than 10,000 unique U.S. visitors in August 2011 and are included in the tables below. Of those, 41 (55%) had more visitors in August than July. Year-over-year, 45 (60%) had traffic increases.
Private Companies
  • Seeking Alpha — the most-trafficked in August with 2.5 million unique visitors — also had the highest increase in number of unique month-over-month visits with 300,000 more visits in August than in July.
  • Budgettracker.com saw the highest monthly growth percentage with more than 6.5 times the number of unique visitors in August compared to July.
  • Betterment had the highest percentage growth year-over-year, up 88x.
  • Cortera had the highest number of unique year-over-year visitors, growing by 1.5 million. 
August2011PrivateWebTraffic4.jpg
Source: Compete.com retrieved week of October 3, 2011
1) The previous month recorded was July 2011
2) Truaxis was formerly BillShrink
4) Kasasa is powered by BancVue
5) Checkingfinder.com is powered by BancVue

Public Companies

  • Fiserv had the highest month-over-month percent growth, with 50% more visitors.
  • CheckFree had the highest percentage growth year-over-year, with over 5 times the number of visitors.
  • S1 also had a high percentage growth year-over-year, doubling its visitors.
August2011PublicWebTraffic5.jpg
Source: Compete.com retrieved the week of October 3, 2011
1) The previous month recorded was July 2011.
_______________________________________________________
Notes:
1. We reviewed 268 Finovate alumni. Only those with at least 10,000 unique visitors in July are listed. 
3. NM = Not measurable
4. t= Tie
5. Compete estimates online visitors based on the activity of a panel of more than 2 million U.S. Internet users. It is only an estimate of traffic and may undercount at-work usage.

Finovate Alumni News– October 10, 2011

  • Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgNY Times reports how BancVue works with community FIs to offer checking accounts.
  • Prosper looks at its growth and returns over time.
  • Cnet reviews the BankOns iPhone app.
  • CTV News recommends Wall Street Survivor as a learning tool.
  • BizNews looks at how Kabbage provides capital to online businesses.
  • SF Gate reports how PayNearMe makes paying bills easy for the underbanked.
  • CU Insight reports GCS Federal Credit Union signs with Geezeo.
  • Payments Journal examines CashStar’s plan for a mobile app.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

CashStar Announces Its MobileGiftReward Mobile App

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CashStar announced its plans to roll out a mobile app called MobileGiftReward early next year that will be piloted by undisclosed financial institutions. The app will allow consumers to use unredeemed rewards points held by banks. The goal of this app is to remove the hassle from converting rewards points into usable items:

“With the app… users can convert unused rewards points into gift cards usable at CashStar client merchants.”

The merchants include The Gap, Starbucks, Home Depot, and many others. Here’s how it works:

“Users can choose the brand they want. The app then generates a bar code that can be scanned at any of that brand’s stores. In cases where the merchant doesn’t have a scanner at checkout, the clerk can key in a 16-digit number that appears with the bar code.”
CashStar demonstrated this app at FinovateFall 2011 last month in New York. A full-length demo will be posted within the next two weeks.